High Street Far From Dead As Consumer Figures Rocket ; Market Round-Up

Summary

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THE death of the High Street has been exaggerated with hard evidence from the first four months of the year proving that consumers are still spending.

That's the general thrust of the latest research on retail penned by analysts at Deutsche Bank who have upped their forecasts and target prices for many household names. Better weather and lower mortgage rates have tempted people back to the shops, while the demise of weaker players such as Woolworths has strengthened those left in the market. In fact, since July last year, the combined sector has clawed back almost half the decline in share price seen in the previous year and a half. It predicts more positive news stories round the corner.

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Extract

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High Street Far From Dead As Consumer Figures Rocket ; Market Round-Up

B& Q owner Kingfisher, down 0.7p at 185.4p, remains its favourite big retailer with a new target price of 210p up from 170p. It also rates jeweller Signet and Debenhams, 3/4p hi...

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